Shenzhen Inovance Technology Co Ltd

Common Name
Shenzhen Inovance Technology
Country
China (Mainland)
Sector
Industrials
Industry
Electrical Equipment & Parts
Employees
24,445
Ticker
300124
Exchange
SHENZHEN STOCK EXCHANGE
Description
Shenzhen Inovance Technology Co., Ltd. is a leading player in the international industrial automation sector. As a prominent high-tech enterprise, it specializes in the development, manufacturing, and...

Shenzhen Inovance Technology Waste Data Preview

In 2023, Shenzhen Inovance Technology conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2023202220212020 - 2017
Total Waste Generated
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0000000
Total Waste Recovered
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0000000
Total Hazardous Waste Generated
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Non-Hazardous Waste Disposed
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0000000
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Verified Sources Behind Shenzhen Inovance Technology’s Waste Management Data

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a. Shenzhen Inovance Technology's ESG Report 2023
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Insights into Shenzhen Inovance Technology's Waste Treatment Practices

In 2023, Shenzhen Inovance Technology generated a total of 1,464 metric tonnes of waste. a

Of this amount, 45.96% of Shenzhen Inovance Technology's total waste generated was recovered through methods such as recycling, reuse, or composting, while 39.35% was disposed of through landfilling, incineration, or combustion. The remaining 14.7% was either treated using unspecified methods or not clearly categorized. a

Shenzhen Inovance Technology's Waste Recovery Rate

46%

How much of Shenzhen Inovance Technology's waste is recycled or recovered?

In 2023, Shenzhen Inovance Technology reported a total waste generation of 1,464 metric tonnes, of which 45.96% was recovered through recycling, reuse, or composting. This moderate level of recovery indicates that Shenzhen Inovance Technology is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts. a

Has Shenzhen Inovance Technology reduced its environmental waste footprint over time?

Since 2021, Shenzhen Inovance Technology's total waste generation increased by 85.14%, including a 38.15% increase in 2023, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices. a

a

Shenzhen Inovance Technology’s Waste Recovery vs. Disposal Over Time

202303507001.05 k1.4 ktonnes
  • Total Waste Disposed
  • Total Waste Recovered

Insights into Shenzhen Inovance Technology’s Generation of Hazardous and Non-Hazardous Waste

In 2023, Shenzhen Inovance Technology generated a total of 1,464 metric tonnes of waste. a

Of this amount, 47.43% of Shenzhen Inovance Technology's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 52.57% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls. a

Shenzhen Inovance Technology’s Hazardous vs Non-Hazardous Waste Over Time

20212022202304008001.2 k1.6 ktonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How Shenzhen Inovance Technology reduced the environmental impact of its waste?

Since 2021, Shenzhen Inovance Technology's total waste generation increased by 85.14%, including a 38.15% rise in 2023, reflecting a persistent upward trend that could be linked to operational growth, inefficient material use, or limited investment in waste prevention systems. a

Over the same period, the share of hazardous waste in Shenzhen Inovance Technology's total output increased by 19.87%, including a further 22.04% rise in 2023, suggesting a troubling upward shift toward more environmentally harmful waste streams that could raise compliance costs and environmental risks. a

Overall, Shenzhen Inovance Technology has seen a continuous rise in both total waste and hazardous waste over time, signaling a worsening environmental impact that may require urgent reassessment of material sourcing, production processes, or waste mitigation strategies. a

How does Shenzhen Inovance Technology treat its hazardous waste?

In 2023, Shenzhen Inovance Technology reported that 695 metric tonnes of its total waste output were classified as hazardous. This represents 47.43% of its overall waste generation. a

The company treated this hazardous waste using a combination of methods. Only 9.7% of hazardous waste was recovered, meaning the vast majority was treated through disposal methods such as landfilling or incineration. This raises concerns about the environmental and health risks associated with Shenzhen Inovance Technology’s current hazardous waste practices. a

Breakdown of Shenzhen Inovance Technology's Hazardous and Non-Hazardous Waste by Treatment Method

Hazardous WasteDisposed(40.8%)Hazardous WasteRecovered(4.8%)Total Non-HazardousWaste Generated(54.5%)
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